AutoBeta(AutoBeta.net)03/03 Report--

Affected by the epidemic, the automobile industry ushered in a very difficult period. In terms of terminal retail, car dealers delayed to return to work, passenger flow decreased significantly, new car sales and after-sales efficiency decreased significantly, and business difficulties generally appeared. To this end, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce issued a proposal to study and introduce necessary policies and measures as soon as possible to increase phased policy support for automobile production, distribution, service and other industries, so as to promote the stable and healthy development of the automobile market and the whole industry chain.

The dealers' Chamber of Commerce said that the COVID-19 epidemic has made the auto market, which has been growing negatively for two years in a row, even worse. The difficulty of normal business of 4S stores, the sharp decline in passenger flow, and the increase in production and operating costs have disrupted the normal operation rhythm of the automobile distribution industry.

Based on this situation, the dealer chamber of commerce conducted an "investigation on the impact of COVID-19 's epidemic on the automobile distribution industry" on 37 large automobile distribution groups, 15 medium-sized distribution enterprises and 86 small distribution enterprises. The main problems are as follows--

1, it is difficult to return to work, which leads to the failure of normal business; 2, the pre-sale passenger flow and the number of after-sale visits to the factory are greatly reduced; 3, the procurement cost caused by the shortage of materials to be prevented and controlled; 4) the pressure on loans and cash flow difficulties; 5, the rising operating costs and the fixed or rigid payment of social security taxes and fees for rent and wages; 6. The profit is expected to decline seriously and the loss area expands. The proportion of enterprises with losses in the first half of the year is expected to be 33%; the proportion of enterprises whose profits are more than 50% lower than that of the same period last year is 13%; the proportion of enterprises whose profits are 30% lower than the same period last year is 30%; and the proportion of enterprises whose profits are less than 30% year-on-year is 24%.

Dealers will believe that under the current situation, stabilizing automobile consumption is of great significance to stabilize overall consumption and ensure the goal of national economic development in 2020. As a result, the dealer chamber of commerce has put forward a number of recommendations--

1. More measures should be taken to increase financial support.

First, it is hoped that financial institutions will extend the original credit term due in February or March by 1-2 months, so as to meet the urgent needs of car dealers.

The second is to expand the scope of the main body that can be engaged in auto financial services, bring qualified local entities such as Internet small loan companies into the auto financial system, and provide financial services for automobile consumption in accordance with local conditions.

The third is to appropriately lower the entry threshold for auto financing companies, allow subjects such as innovative large-scale trading platforms for compliance operations to jointly establish financial companies with financial institutions, and give better play to the role of auto financing companies as the main force in the new environment.

Fourth, clarify the differentiated regulatory rules of financial leasing companies that support automobile consumption as soon as possible, take into account both "institutional supervision" and "functional supervision", and fully release the potential of financial leasing in supporting automobile consumption.

Fifth, encourage banks, trusts and other financial institutions and large trading platform companies managed by compliance to provide financial services for automobile consumption through various channels.

2. Coordinate the whole vehicle enterprises to speed up the return of dealer rebates. Under the current circumstances, vehicle enterprises use cash to return rebates to dealers as soon as possible, so as to increase dealer liquidity and share difficulties, and organize a dialogue meeting between manufacturers after the end of the epidemic. Promote vehicle enterprises to adjust production plans and formulate reasonable production and marketing targets and business policies.

3. Introduce policies and measures to stabilize automobile consumption as soon as possible. Stimulate residents' automobile consumption potential through fiscal and taxation and other policy measures, such as the implementation of preferential policies for car purchase, restart cars to the countryside, new energy vehicle subsidies will not return to the slope in 2020, etc.; for the implementation of car purchase restrictions, increase the number of indicators to meet the rigid car purchase demand.

4. Delay the implementation of the sixth national automobile standard and speed up the solution of the sixth national automobile problem of parallel imported cars. Solve the problem of the fifth and sixth grade (PN transition value) inventory of automobile manufacturers and dealers, and delay the implementation of the sixth national emission standard. Fully consider the particularity of the unauthorized mode of parallel imported cars and its impact on the economy, industry and employment, speed up to solve the problem of six standards in parallel imported vehicles, and ensure the steady development of the industry.

5. Reduce the tax rate of used car transaction and promote the convenient transaction of second-hand car. To reduce the value-added tax rate of used cars sold by distribution enterprises, the tax rate will be reduced by 0.5% instead of 2% in accordance with the 3% percentage charge. We will completely abolish the policy of restricting the relocation of used cars and realize the free circulation of used cars in China. We will introduce policies and measures to further promote the export of used cars. Optimize and unify the registration procedures for the transfer of used cars in various places to facilitate transactions.

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